Bear Case for Crisis Round II Is Wrong: Strategist

Fears of a second round of the financial crisis are misplaced and investors shouldn't bank on another tranche of quantitative easing from the Federal Reserve, Guy Monson, managing partner & CIO at Sarasin & Partners, told CNBC Thursday.

"The bear case: we're in the eye of the credit storm now. Half of it has passed across us, we're in the calm bit and it's about to be unleashed again," Monson said describing a worst-case scenario for the economy.

The key factors that bearish investors believe could cause the crisis to return are: further commercial real estate losses in the U.S. and another round of crisis in Europe, according to Monson.

"I think that the core fundamentals for the Europe are actually quite good, that the deficit numbers for the euro zone are actually lower in total than Japan or the U.S. So I don't think that's going to happen," he said.